Quebecor Inc has seen a modest uptick in its stock price this week amid significant developments in its sports broadcasting strategy.
Quebecor Inc (QBR-A.TO) has experienced a price increase of 2.60% over the past week, closing at C$63.61. This rise follows two important announcements regarding its sports broadcasting rights, aimed at strengthening its position in the competitive media landscape.
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Quebecor Inc
QBR-A.TO
QBR-A.TO
Quebecor Inc
WealthAwesomeMarket cap
$14.33B
P/E
15.6x
Div. yield
2.36%
Div. / share
$1.50
52W high
$70.95
52W low
$39.44
1W change
+2.60%
Beta
0.60
Analyst Price Targets
Based on analyst covering QBR-A
Wall Street analysts forecast QBR-A stock price to fall 10.4% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$57.00
-10.4% Upside
Current Price
C$63.61
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on QBR-A's historical volatility
30-Day Vol
30.0%
Annualized
90-Day Vol
34.1%
Annualized
Trend (90d)
-28.0%
Annualized drift
90d Mean
C$57.55
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$61.52 | C$55.48 โ C$68.23 |
| 60 trading days | C$59.50 | C$51.41 โ C$68.88 |
| 90 trading days | C$57.55 | C$48.11 โ C$68.84 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: The recent sublicensing agreements with Rogers may boost Quebecor's revenue through TVA Sports, although analysts remain cautiously pessimistic about the stock's future performance.
22.47% YTD Gain Reflects Strong Performance
Quebecor's year-to-date stock performance has been solid, with a 22.47% increase, reflecting investor confidence despite recent fluctuations.
Bull case
The new NHL sublicensing deal positions TVA Sports as a key player in French-language hockey broadcasting. This could lead to increased viewership and higher advertising revenue.
Bear case
Despite the positive developments, analysts advise caution. The average price target sits at C$57.00, suggesting a potential decline from current levels.
Recent Price Action
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Quebecor Inc's stock has shown a positive trend this week, gaining 2.60% and closing at C$63.61. The company's stock performance has been relatively stable, with a notable year-to-date increase of 22.47%. Although there was a slight decline of 3.18% over the last month, recent developments in their broadcasting strategy may boost investor confidence.
Company News
Quebecor announced two significant sublicensing deals that strengthen its position in the sports broadcasting arena. The first deal aims to solidify TVA Sports as a premier destination for hockey in French, expected to draw a larger audience and increase advertising revenue. The second agreement with Rogers ensures Quebecor will broadcast national NHL games in French for the next 12 years, further establishing its foothold in this lucrative market.
Technical Picture
From a technical standpoint, Quebecor's stock is currently trading below its 50-day moving average of C$65.89, indicating a potential resistance level. However, it is above the 200-day moving average of C$59.31, suggesting a long-term upward trend. The stock has a beta of 0.60, indicating lower volatility compared to the broader market. With a 52-week trading range of C$39.44 to C$70.95, the current price is approximately 77% of this range. Notably, trading volume has surged to 2,051 shares, significantly higher than the 20-day average of 390 shares, indicating increased interest from investors.
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